The ‘Brazil Trade’ Is Back — Why Analysts See More Upside Ahead - iShares MSCI Peru and Global Exposure ETF (ARCA:EPU), iShares MSCI South Korea ETF (ARCA:EWY)

Brazilian equities are roaring back to life in early 2026, riding a powerful mix of surging commodity prices, a weakening U.S. dollar and a broad rotation into emerging marketsThe iShares MSCI Brazil ETF (NYSE:EWZ) is up roughly 20% month-to-date, sharply outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY) , which has gained just under 3% over the same period. That 17-percentage-point gap marks EWZ's strongest one-month outperformance versus U.S. equities in more than four years.According to CountryETFTrack ...